Chairman Cho Yong-byeong: "ESG and Digital as Standards in the Post-Pandemic Era"

[Asia Economy Reporter Kwangho Lee] Cho Yong-byeong, Chairman of Shinhan Financial Group, said on the 2nd, "The speed of innovation toward sustainable growth will accelerate further due to the pandemic," adding, "At the center of this change are ESG (Environmental, Social, and Governance) and digital technology."

At the World Economic Research Institute-Shinhan Financial Group International Conference held at Lotte Hotel in Sogong-dong, Jung-gu, Seoul, Chairman Cho stated, "Many experts predict that even after the complete end of COVID-19, returning to the same daily life as before will be difficult."

Chairman Cho said, "ESG has completely changed the meaning of growth, which was previously represented by profit and scale in the global economy," and forecasted, "In the future, the way companies protect social value will be recognized as an important criterion for evaluation."

He continued, "Digital technology has created a new ecosystem that makes this change possible," and mentioned, "Only organizations that deeply understand digital technology and build capabilities can create sustainable innovation."

He added, "The new connection through ESG and digital will narrow the distance between each other, which has widened due to COVID-19, and become a solid foundation for a better society."

This content was produced with the assistance of AI translation services.